An international banking licence shall not be granted to or maintained by a company unless it—
(a) remains an eligible company;
(b) has a fully paid-up capital of not less than $1,000,000 for a class “A” international banking licence or $250,000 for a class “B” international banking licence, or its equivalent in another currency, or such greater sum as the Minister may reasonably determine;
(c) maintains fully paid-up capital and liquidity adequate to its on going needs and planned operations and in compliance with the regulations; and
(d) has deposited or invested the sum of $100,000 or its equivalent in another currency in the prescribed manner.